Standard models often predict that people should either demand to save or demand to borrow, but not both. We hypothesise instead that saving and borrowing among microfinance clients are substitutes, satisfying the same underlying demand: for a regular schedule of deposits and a lump-sum...

Standard models often predict that people should either demand to save or demand to borrow, but not both.  We hypothesise instead that saving and borrowing among microfinance clients are substitutes, satisfying the same underlying demand: for a regular schedule of deposits and a lump-sum...

This paper investigates the impact of rare-event experiences and observations on risk taking. Matching detailed individual, household, and community-level surveys with behavioral games data, we explore the mechanisms that underlie individual risk-taking after a natural disaster. Unlike the...

This paper examines the characteristics that determine demand for microinsurance when individuals have personal or observed experience with a rare weather event: the severe 2010 flooding in Pakistan. Using a sample of 384 individuals (192 in flood-affected and 192 non-affected villages matched...

Although the Millennium Development Goals provide countries with well-rounded objectives for achieving human development over a period of 25 years, Pakistan is not on track to achieving the health-related goals. With the eighth highest newborn death rate in the world, in 2001–07 one in every...

This paper aims to examine the spatial patterns of development in the Punjab over the past five decades. The importance of initial conditions as the driving forces of development is studied to deduce the contributing factors that provide the necessary push to break away from the low development...

While the literature on economic growth provides mixed evidence on convergence across different countries and regions, a large number of studies point toward the widening income gap between rich and poor. In the development literature, a broader range of national welfare indicators beyond income...

This paper analyses the degree of integration between provinces in Pakistan through the internal migration patterns in the country. It establishes empirically the rationality of both urban-urban and rural-urban migrants in the country who are found to respond to economic incentives when choosing...

This study has been undertaken with a two-fold objective: Firstly, to analyse the impact of the global financial crisis on manufacturing and service exports in four South Asian countries. Secondly, to understand the determinants of export performance in a sample of exporting firms from Pakistan,...

The study explores the spatial patterns of poverty in Pakistan through two dimensions, asset accumulation and basic needs. For this purpose Pakistan Standard of Living Measurement 08-09 is employed to construct an Asset Index and a Basic Needs index, at a district level, through the use of...